Agricultural Research Foundation

EIN: 930400250 501(c)(3)

CORVALLIS, OR

Total Revenue
$12,512,225
Total Expenses
$11,840,212
Total Assets
$35,776,063
Net Assets
$29,043,559
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
OR
Principal Officer
Mike Macnab
Phone
5417373228
Tax Period
2023-07-01 to 2024-06-30

Agricultural Research Foundation, founded in 1934, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $11.8M left a modest 5% surplus.

Mission

TO ENCOURAGE AND ENGAGE ACTIVITIES IN AGRICULTURE AND NATURAL RESOURCES THROUGHOUT OREGON.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,596,110
Program Service Revenue $8,505,798
Investment Income $1,410,317
Other Revenue $0
TOTAL REVENUE $12,512,225

Expense Breakdown

Grants Paid $11,189,388
Salaries & Benefits $458,497
Fundraising Expenses $0
Program Expenses $11,296,824
Other Expenses $192,327
TOTAL EXPENSES $11,840,212

Year-over-Year Comparison

2023 2022 Change
Revenue $12,512,225 $10,584,705 +0.2%
Expenses $11,840,212 $8,852,435 +0.3%
Net Income $672,013 $1,732,270 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
24
Employees
5
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$399,328
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH KVIDT EXECUTIVE DIRECTOR 40.00
Officer
$132,339 $52,656 $184,995
YING WANG CONTROLLER 40.00
Officer
$87,638 $9,276 $96,914
CHARLENE WILKINSON APPOINTED SECRETARY 40.00
Officer
$74,055 $43,364 $117,419
RALPH FISHER PRESIDENT 2.00
Officer Director
$0 $0 $0
MIKE MACNAB VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
LANCE LYON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MICHELLE DAVIS SECRETARY TREASURER 2.00
Officer Director
$0 $0 $0
STELLA COAKLEY DIRECTOR 2.00
Director
$0 $0 $0
TAMI KERR DIRECTOR 2.00
Director
$0 $0 $0
JEAN MCKINNEY DIRECTOR 2.00
Director
$0 $0 $0
BRYAN OSTLUND DIRECTOR 2.00
Director
$0 $0 $0
SHELLY SOREM DIRECTOR 2.00
Director
$0 $0 $0
BUD WEISER DIRECTOR 2.00
Director
$0 $0 $0
TIM ELBERT DIRECTOR 2.00
Director
$0 $0 $0
RON HATHAWAY DIRECTOR 2.00
Director
$0 $0 $0
MIKE HESSEL DIRECTOR 2.00
Director
$0 $0 $0
ELIZABETH LEVI DIRECTOR 2.00
Director
$0 $0 $0
TODD NASH DIRECTOR 2.00
Director
$0 $0 $0
MARTY VAVRA DIRECTOR 2.00
Director
$0 $0 $0
TRICIA WALKER DIRECTOR 2.00
Director
$0 $0 $0
DAVID BECK DIRECTOR 2.00
Director
$0 $0 $0
RUSS KAROW DIRECTOR 2.00
Director
$0 $0 $0
LOREN KELLOGG DIRECTOR 2.00
Director
$0 $0 $0
PATRICK MALONE DIRECTOR 2.00
Director
$0 $0 $0
MIKE OMEG DIRECTOR 2.00
Director
$0 $0 $0
GIL SYLVIA DIRECTOR 2.00
Director
$0 $0 $0
MIKE WEBER DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $12,512,225 $11,840,212 $35,776,063 $672,013
2023 $10,584,705 $8,852,435 $34,361,445 $1,732,270
2022 $10,957,714 $10,474,622 $32,352,057 $483,092
2021 $13,573,525 $7,953,721 $33,193,912 $5,619,804
2020 $9,336,784 $9,734,337 $29,859,368 $-397,553
2019 $9,905,380 $8,953,075 $33,029,123 $952,305
2018 $9,719,163 $9,429,146 $29,492,954 $290,017
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